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20121129
20121207
Search Results 0 to 8 of about 9 (some duplicates have been removed)
's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> all right. so once again, here are the cliff notes right here. republicans on the hill are demanding trillions of dollars worth of debt reduction. that's pretty much fine with democrats who say the wealthy should foot the bill in the form of higher tax rates. and therein lies the catch because the republicans want the savings of federal spending cuts. that dispute blocking efforts to keep rates from rising on everyone. as scheduled on january 1st. this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i
to help sell their plans to avoid the so-called fiscal cliff. eyewitness news at 4:00 continues with denise after this. >>> it is 4:30. 55 degrees and sunny. hello. thanks for staying with eyewitness news. i'm denise koch. here's what people are talking about. we have an updet on the break -- update on the breaking news we brought you at the top of the show. a shooting at a baltimore county hospital. meganmeghan mccorkell has the latest on a shooting at the university of maryland st. joseph medical center. meghan? >> baltimore county police remain out here on the scene of university of maryland st. joseph's medical center. we're told this incident happened around 2:30 this afternoon. you can see the video from sky eye chopper 13 right here. baltimore county police officer was here inside the emergency room. we're told that he was guarding a prisoner who was being treated here. now, there was some sort of struggle between the roof -- officer and prisoner. we're told the officer, his gun was somehow fired. that gun discharged into the wall
-called fiscal cliff is a solvable problem. critical as the holidays approach and businesses make investment and hiring decisions for next year. while polls show many americans are pessimistic, there's optimism in this home. >> i got a sense that he's confident that what's best for the american people will happen. >> yeah. >> reporter: you agree? >> yes. >> i do too. >> reporter: but for now, the gop's resisting any tax increases even on those upper income americans. house republicans of course have made the counteroffer with $800 billion in new revenue and an overhaul of the tax code. wolf, they feel as if they have moved the ball, but they don't believe that the president is interested in avoiding the fiscal cliff. >> these negotiations, dan, they usually go until the bitter, bitter end. a lot of folks are assuming that before that end there will be a deal. give us a flavor of the mood at the white house. >> reporter: well, i think they're preparing for this fiscal cliff scenario to play out, wolf. but as you point out when we look back over the last three years, we've had these kinds of n
the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. s
obama is reaching a deal on the fiscal cliff. just 31 days left until we hit those automatic spending cuts and tax increases, if negotiations break down. here is what president obama had to say in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from beginning up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it may way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes that hostage met foaphor one step further. >> unfortunately, some on the other side of the aisle are proposing a disastrous thelma and louise strategy, putting our already weak economy in further jeopardy. >> president obama says he wants to get a deal done by christmas, but both republicans and democrats will have to com
about the tax component of this fiscal cliff and it absolutely is a tax component. we talk about taxes as it relates to small businesses and creating jobs. we talk about taxes as it relates to individual families and being able to make ends meet. but what this chart shows, mr. speaker, is spending and tax revenue of the federal government of the united states of america from 1947 out to 2077. and you can't see the intory indicate detail here, mr. speaker, but what you can see here from far, far away is this green line that represents tax revenue is a relatively flat and constant line. as a general rule it doesn't matter whether tax rate were the 90% marginal rates, the 70% marginal rates that they were when john f. kennedy was president and he cut taxes or whether they were 28 marginal rate during the reagan years. mr. speaker, it turns out -- and this is of no surprise to you -- turns out the american people are pretty smart. and if you raise taxes on this behavior, they switch to this behavior. and if you raise taxes on that behavior, they switch to this behavior. because at the end
disasters. we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking about what the impact of going overt cliff would be and also with a it would be down the line. >> gretchen: but so much, nick, of what's been discussed in the press is only about increasing taxes. you just got done talking about the fact that a stool falls over unless you have the other legs there. did you get the sense in these insider talks that people are actually going to take on entitlement reform? >> i think behind the scenes talk, yes. right now there is a lot of public posturing going on and that, i think, i personally think that's a problem because in the nego
Search Results 0 to 8 of about 9 (some duplicates have been removed)